QUESTION: Write down some major outcomes of 48th G-7 summit. (4 marks/60 words)
The G-7 is an informal forum of leading industrialised nations, which include Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
Communique- The G7 leaders adopted a communique to jointly defend universal human rights and democratic values, the rules-based multilateral order and the resilience of democratic societies.
Ukraine– The G7 leaders re-emphasised their condemnation of Russia’s illegal and unjustifiable war of aggression against Ukraine.
Energy and Food security- The G7 leaders committed to phase out dependency on Russian energy.
Economic issues- The G7 leaders remain committed to coordinate on economic security, strengthen the resilience of supply chains while tackling rising costs of living for citizens.
Climate and the environment- A highly decarbonised road sector by 2030, prioritising the acceleration of the phase out of domestic unabated coal power.
Investments- The G7 countries have launched the Partnership for Global Infrastructure and Investment (PGII), a joint initiative to fund infrastructure projects in developing countries.
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